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Sep 25, 2012
09/12
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but we added $5 trillion in new debt to the deficit. for every dollar we spent $3.5 or $4. of debt. the average spending is $7.5. we are borrowing $4. for every buck we spend. the solution, perfect -- for every dollar we are spending $7.5 bucks. >> bob: $5.5 is on taxes democrat is bad math. >> dana: today, david axelrod said president obama doesn't need a plan for that. >> bob: it's a mistake to say that, to say you don't have a plan. >> dana: there are four mistakes in the "a" block from the obama campaign just now. we can say why do they do it that way? >> bob: oh, this one. sorry. >> kimberly: the interview, we don't have time to show the thought of it. but the biggest disappointment depends on the audience. if it's univision, it's immigration. if it's "60 minutes" it's i can't change the tone in washington. but this just in. first picture of president obama and mrs. obama in the taping of "the view" today. you got to love that. >> bob: nice picture. >> kimberly: coming up. did they have ambassador stevens on the hit list before he was killed in libya? the ambassador thought so.
but we added $5 trillion in new debt to the deficit. for every dollar we spent $3.5 or $4. of debt. the average spending is $7.5. we are borrowing $4. for every buck we spend. the solution, perfect -- for every dollar we are spending $7.5 bucks. >> bob: $5.5 is on taxes democrat is bad math. >> dana: today, david axelrod said president obama doesn't need a plan for that. >> bob: it's a mistake to say that, to say you don't have a plan. >> dana: there are four mistakes in...
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Sep 25, 2012
09/12
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higher deficits can do more damage. you know, the fact is, right now, i would recommend president obama use it in the debate. it is one of the reasons why we have the deficits. that is what they are doing. and so there is not corporate revenue being taxable revenue. the president's plan has been a little bit of moving pieces. they cut the rate to 28%. the president's position is that we should start from the position. we have the lowest corporate revenue to gdp that you could imagine with the highest rate. it is a five alarm fire at the way to address that is to increase taxes. >> i wanted to have a follow-up. i heard the interview last night, playing upper income and middle and come. -- income. they would not see their taxes changed overall. he talked about loopholes but did not go into specifics. help us understand what the dividing line is between middle income and upper income in his mind. >> i am not a psychic, it is not a conversation i have had. it is definitely where you draw the line between upper and middle in
higher deficits can do more damage. you know, the fact is, right now, i would recommend president obama use it in the debate. it is one of the reasons why we have the deficits. that is what they are doing. and so there is not corporate revenue being taxable revenue. the president's plan has been a little bit of moving pieces. they cut the rate to 28%. the president's position is that we should start from the position. we have the lowest corporate revenue to gdp that you could imagine with the...
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Oct 2, 2012
10/12
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there is a lot of talk about deficit and long-term growth. the subject of long-term unemployment has virtually disappeared since obama decided to abandon the stimulus, and i do not think in my ideal media world -- the media would be more effective at moving issues like that back on the agenda. >> ok. pessimistic and all of the things that they have a hard time being. i thought we were famous for complaining all of the time. one or two notes before i get to the awful stuff. first of all, it is truly uplifting, i think everyone would agree, to see so many people turning out on an early saturday morning when you could be doing other things. there has to be a rerun of " housewives of orange county," or sipping cappuccinos, rather than talking about this. as someone who has knocked around in for a few years, it is truly cheery to me to see that passion out there and that you have voted with your feet in such numbers, so thank you all for making me feel good. as i look across the coverage of this campaign, there are a few things i think are worth p
there is a lot of talk about deficit and long-term growth. the subject of long-term unemployment has virtually disappeared since obama decided to abandon the stimulus, and i do not think in my ideal media world -- the media would be more effective at moving issues like that back on the agenda. >> ok. pessimistic and all of the things that they have a hard time being. i thought we were famous for complaining all of the time. one or two notes before i get to the awful stuff. first of all,...
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Sep 25, 2012
09/12
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the reason was if he made them a permit, you would bust the deficit. it is time to let those tax cuts expire for those making more than $500,000. if they go back to where they were, we were in belt largest expansion in the history of the united states. fix medicare. allow negotiations for prescription drugs. that will save $240 billion over 10 years, and finally, takeaway subsidies from the big oil companies. they are very profitable, but they do not need our help. what you end up with then is not a $1 trillion problem. you end up with a problem in the $200 billion range. raising the ceiling, a default for the nation. he spoke out against the fairfax chamber and other chambers, and now he is saying, "wait a minute. we cannot make cuts." when he is running as the guy who wants to make cuts. he has more sides then a rubik cube. >> what your so-called plan would do to jobs. i think you should be taking into account what the impact is on jobs, and our economy, which is a major, major concern. you talked about bob mcdonnell and eric cantor. what they did wa
the reason was if he made them a permit, you would bust the deficit. it is time to let those tax cuts expire for those making more than $500,000. if they go back to where they were, we were in belt largest expansion in the history of the united states. fix medicare. allow negotiations for prescription drugs. that will save $240 billion over 10 years, and finally, takeaway subsidies from the big oil companies. they are very profitable, but they do not need our help. what you end up with then is...
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Sep 30, 2012
09/12
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the fed is actually reducing the deficit and making huge profits returning record amounts of money to the treasury as a result of previous quantitative easing, so it's the opposite of spending your tax dollars. the fed a legally independent and ran by a guy originally appointed by george w. bush. this is just so completely over the top that we decided to do a piece on that particular email. pretty much, these messages to true believers have to exceed what we have already the bonds before we pay attention to them. we are out of time. thank you all for your attention. thank you for your questions. [applause] [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> monday, a citizen's guide to the 2012 presidential debate from the national communications association panel looking at the hours of the debates coming up next month. live coverage begins at 1:00 p.m. eastern on c-span. >> you established a third party. you ran twice. you established -- what was the name of it? united we stand? the reform party. do you feel that is nee
the fed is actually reducing the deficit and making huge profits returning record amounts of money to the treasury as a result of previous quantitative easing, so it's the opposite of spending your tax dollars. the fed a legally independent and ran by a guy originally appointed by george w. bush. this is just so completely over the top that we decided to do a piece on that particular email. pretty much, these messages to true believers have to exceed what we have already the bonds before we pay...
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Sep 25, 2012
09/12
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if we want to look at the deficit, everybody knows the problem with the deficit. who do we think is more likely to deal with the deficit? someone who has run it up over a trillion dollars every year he has been in office? is that too is going to do it to? or do we think governor romney, a businessman who is committed to fiscal responsibility is going to do it? who is going to do it to? if the barack obama is in the white house four years from now, he will have appointed one half of all federal judges and he will have changed the complexion of the added states supreme court for decades. can we stand that in this country? is that what we want to? no. foreign affairs. the president of the united states went to new york today, yesterday. other presidents have gone to meet with world leaders to sit down with the israelis and other allies, people who he needs to understand. and interesting article this morning about his failure to do that. he went to new york not to meet with world leaders, he is on "the view." [booing] what a sense of priorities. he said after our amba
if we want to look at the deficit, everybody knows the problem with the deficit. who do we think is more likely to deal with the deficit? someone who has run it up over a trillion dollars every year he has been in office? is that too is going to do it to? or do we think governor romney, a businessman who is committed to fiscal responsibility is going to do it? who is going to do it to? if the barack obama is in the white house four years from now, he will have appointed one half of all federal...
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Oct 2, 2012
10/12
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the obama budget has been scored by the cbo and has a 2.4% deficit-reduction in the next 10 years. you can argue over what you think that is enough in not to stabilize the debt to gdp ratio but conversely, i'm not actually sure i would want to see ronnie detail all of the tax expenditure changes he says he will come up with. the problem, of course, is betting campaign, if people -- is tt in campaigns, if people start putting out more detailed proposals, demobilize the opposition. this is kind of like the 1993 securities commission. the two parties can hold hands and they do not start out being a brahney proposal or an obama proposal or a republican proposal or a democrat proposal. i am interested in what is in the debates in the next four weeks -- i am less interested in what is in the debates in the next four weeks and then what the vendor does in the weeks after the election. >> why would you like to hear -- what would you like to hear obama say in the weeks after the election? >> we are not going to have a deal that does not have revenues and spending. the biggest obstacle is on
the obama budget has been scored by the cbo and has a 2.4% deficit-reduction in the next 10 years. you can argue over what you think that is enough in not to stabilize the debt to gdp ratio but conversely, i'm not actually sure i would want to see ronnie detail all of the tax expenditure changes he says he will come up with. the problem, of course, is betting campaign, if people -- is tt in campaigns, if people start putting out more detailed proposals, demobilize the opposition. this is kind...
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Sep 28, 2012
09/12
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they have a budge big deficit wh women, and they're trying to close it. >> greta: rick? >> no subtly in terms of the campaign messaging. i go one step further, i think that was midwestern accents i heard. >> greta: either from illinois or wisconsin. >> we really like you if you live in wisconsin or ohio or illinois. they need to be doing better among women. republicans almost always lose women in republican conventions. can't lose it as badly as they are right now to barack obama. >> when you look at the money spent on this ad, they're spending $10 million on this push, and much of it is going to those exact midwestern states, wisconsin, ohio and iowa, the states that romney needs to kind of gain ground on. >> wisconsin really opens up possibilities. without wisconsin, it's looking very hard, particularly the way things are looking in ohio, so many other swing states. if he can get florida or wisconsin, he has a path. >> greta: those were nice ads. no one is said to be a rot and horrible person, a thief or crook. it was a nice ad. >> that's the point. the country hasn't
they have a budge big deficit wh women, and they're trying to close it. >> greta: rick? >> no subtly in terms of the campaign messaging. i go one step further, i think that was midwestern accents i heard. >> greta: either from illinois or wisconsin. >> we really like you if you live in wisconsin or ohio or illinois. they need to be doing better among women. republicans almost always lose women in republican conventions. can't lose it as badly as they are right now to...
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Sep 29, 2012
09/12
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you have a two letter $60 billion deficit. you will not slow the spending. you refuse to do that. >> as we get closer to this year's first presidential debate, we're taking a look at some debate from our archives starting with president reagan at 7:00 p.m. eastern. later, it is the 1992 debate between president bush, bill clinton, and ross perot. and then it is our core and george w. bush. they're all tonight here on c- span. >> every generation through our history has worked and sacrificed to meet a better country to their children and grandchildren and future generations. we read then spending the money. we are now much more spending their money. we are leaving them a mess. it will be very difficult to deal with. if we are that week, and just think of who want to come here first and take us over. the last thing i want to see is our country taken over because we're so financially weak we cannot do anything. we're moving in that direction. we are on the edge of the cliff. we have to start fixing it now. otherwise, we are leaving a disaster. we could even los
you have a two letter $60 billion deficit. you will not slow the spending. you refuse to do that. >> as we get closer to this year's first presidential debate, we're taking a look at some debate from our archives starting with president reagan at 7:00 p.m. eastern. later, it is the 1992 debate between president bush, bill clinton, and ross perot. and then it is our core and george w. bush. they're all tonight here on c- span. >> every generation through our history has worked and...
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Sep 27, 2012
09/12
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that deficit reduction bill. this summer at the child-care hearing, it made a big difference for parents and providers. let's turn to 1996. the debate was very basic. congress decided to end that child care entitlement at the same time they're ending welfare as we know it. however, advocates joined by governors and congress and the clinton administration, agreed that funds and a doctor was necessary if low income women were facing increased work requirements -- -- in child care was necessary if low-income women ever facing increased work in garments. it was absolutely clear and in that debate that most of the low income women been expected to work or not going to earn enough to pay for child care. this is still true. the battle over quality was eliminated. the governor leading the welfare discussion wanted to completely eliminate minimum standards on the quality set aside. we won bipartisan support to maintain both, but we lost the requirement. there was no meaningful discussion of improvements over those two yea
that deficit reduction bill. this summer at the child-care hearing, it made a big difference for parents and providers. let's turn to 1996. the debate was very basic. congress decided to end that child care entitlement at the same time they're ending welfare as we know it. however, advocates joined by governors and congress and the clinton administration, agreed that funds and a doctor was necessary if low income women were facing increased work requirements -- -- in child care was necessary if...
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Sep 27, 2012
09/12
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obama is at it again, spending your tax dollars per "two things about that -- the fed is reducing the deficit and making huge profits returning record amounts of money to the treasury as a result of all their previous quantitative easing. so the opposite of spending your tax dollars is true. and of course the fed is legally independent and run by guy appointed by george w. bush. so this was so completely over the top that we decided we have to do a piece on that particular e-mail. pretty much these messages to true believers exceed what we have already defunct. >> we are out of time. thank you for your attention. we appreciate your questions. [applause] >> coming at 4:30, we will be live at the un for a speech from the president of libya. he will be speaking before the general assembly gathered this week. coverage starting at 4:30 eastern. we will have that live on c- span. before that, earlier today, israeli prime minister benjamin netanyahu spoke to the world body. this is just over half an hour. [applause] >> thank you very much, mr. president. is a pleasure to see that general assembly pr
obama is at it again, spending your tax dollars per "two things about that -- the fed is reducing the deficit and making huge profits returning record amounts of money to the treasury as a result of all their previous quantitative easing. so the opposite of spending your tax dollars is true. and of course the fed is legally independent and run by guy appointed by george w. bush. so this was so completely over the top that we decided we have to do a piece on that particular e-mail. pretty...
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Oct 3, 2012
10/12
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can you tell us otherwise you will end up with $40 trillion deficit, which tax loopholes will you close? >> kimberly: playing the role of mitt romney, eric bolling. >> eric: when you lower taxes and let people keep more of their money you bring growth back. >> bob: we have seen that work. >> kimberly: he won the debate. that easy. andrea what is your question? >> andrea: bill clinton spoke at the convention and he seemed to help barack obama. i am going to bring up bill clinton. president obama, when bill clinton left office he balanced the budget, cut social programs the unemployment number was low. urn your watch, the opposite happened. we have seen the budget been busted. so how are you like bill clinton? that is a tough question for him to answer. if it's me, i ask him, listen, i release my taxes. you have yet to release academic records, the white house records, see what he says. that would be tougher to answer. >> bob: for eight years we were all in a coma. curious. >> kimberly: bob is out of order. we're bring you back in "e" block. >> bob: clinton to obama. >> kimberly: guess wh
can you tell us otherwise you will end up with $40 trillion deficit, which tax loopholes will you close? >> kimberly: playing the role of mitt romney, eric bolling. >> eric: when you lower taxes and let people keep more of their money you bring growth back. >> bob: we have seen that work. >> kimberly: he won the debate. that easy. andrea what is your question? >> andrea: bill clinton spoke at the convention and he seemed to help barack obama. i am going to bring up...
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Oct 1, 2012
10/12
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he's increased the deficit a trillion dollars a year. so let's start with the failures of this administration. mitt romney has said look, we've got to cut spending, we're broke, we've overpromised, we've overspent -- >> but sir -- >> and -- >> governor, where would he cut the spending. >> let's trust him on that. >> you cut a lot of domestic -- we've already got a plan to cut a trillion -- $1.2 trillion. half of it is balanced on defense spending in a time of war. that's a mistake. and so i think we need to cut trillions of dollars in order to get our budget balanced. and you could start with cutting two or three or 4% almost across the board some of the things that other governors have done, by i think you target it in those areas where the spending has not produced tangible results in the quality of life for the people. i can just tell you, andrea, i did it in virginia, governors like christie and scott and kasic and walker have done it in all of their states, mitt romney did it when he was governor of massachusetts, $3.5 billion defic
he's increased the deficit a trillion dollars a year. so let's start with the failures of this administration. mitt romney has said look, we've got to cut spending, we're broke, we've overpromised, we've overspent -- >> but sir -- >> and -- >> governor, where would he cut the spending. >> let's trust him on that. >> you cut a lot of domestic -- we've already got a plan to cut a trillion -- $1.2 trillion. half of it is balanced on defense spending in a time of war....
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Sep 26, 2012
09/12
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,deficit. just us them to explain how the numbers work, because they do not. they do not have a deficit reduction plan. they have a deficit expansion plan. governor romney may think it is fair that someone who makes $20 million a year like he does should play a lower rate. do not boo. vote. i do not think that is fair. i do not think it helps the economy grow, so we cut taxes. we want to keep taxes for 97% of americans, and you have a so you may end up trading in that car. what happens when you spend money? that means businesses have more customers. and they hire more workers. that is what we can do to the economy. that is what we can do today, so i am looking forward to working with republicans to reduce our deficit, but i refuse to us middle-class families to give up their deductions to pay for another millionaire tax cut. [applause] i refuse to ask all the students to pay more for college or to kick children off the headstart program so i can take a tax break we do not need. [applause] we're
,deficit. just us them to explain how the numbers work, because they do not. they do not have a deficit reduction plan. they have a deficit expansion plan. governor romney may think it is fair that someone who makes $20 million a year like he does should play a lower rate. do not boo. vote. i do not think that is fair. i do not think it helps the economy grow, so we cut taxes. we want to keep taxes for 97% of americans, and you have a so you may end up trading in that car. what happens when you...
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Sep 30, 2012
09/12
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vice president biden campaigning in florida blaming the deficit on the previous administration and paul ryan was in ohio. ryan, a hunting enthusist telling jerts governor romney would work to prevent anymore restrictions on hunting and general motors recalling thousands of vehicles sold in warm weather states, gm recalling some 40,000 vehicles. the recall only affects owners living in arizona, california, florida, nevada, texas, and arkansas and oklahoma. now back to "justice". egypt dot it now. i'm harris faulkner. now, back to "justice." >>> there is only one way to peacefully prevent iran from getting atomic bombs. and that is by placing a clear red line on iran's nuclear weapons program. >> judge jeanine: prime minister netanyahu this week with a stern warning to prevent iran from getting a nuclear bomb. the white house later saying that president obama and the israeli prime minister spoke on the phone and that they were in complete agreement over iran. joining me now, former israeli ambassador to the united nations, dan gillerman. good evening. >> good evening, judge. good to be wi
vice president biden campaigning in florida blaming the deficit on the previous administration and paul ryan was in ohio. ryan, a hunting enthusist telling jerts governor romney would work to prevent anymore restrictions on hunting and general motors recalling thousands of vehicles sold in warm weather states, gm recalling some 40,000 vehicles. the recall only affects owners living in arizona, california, florida, nevada, texas, and arkansas and oklahoma. now back to "justice". egypt...
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Sep 30, 2012
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we can get away from the deficit. this hurt those people who had committed most to us in the sense that, what is going on here? here is this guy who was a arrested with illegal weapons. what was he doing? this hurt the trust. we just recovered from that when we have the osama bin laden raid. i am convinced, as most people will look at the evidence are convinced, that the top leadership, military, intelligence, and civilians, did not know osama bin laden was in abbottabad. all of us were exhausted from staying up a whole night. it was a punch drunk meeting. the first thing they said was congratulations. they realize someone who they were against and wanted to see gone was gone. it was only a few days after that that they realize that the political price the military was paying that that became manifest, when public american commentators said you are either implicit or incompetent, it happen to be true. it put them very much on the spot. the response by those pakistanis who had committed to working with us -- in the sum
we can get away from the deficit. this hurt those people who had committed most to us in the sense that, what is going on here? here is this guy who was a arrested with illegal weapons. what was he doing? this hurt the trust. we just recovered from that when we have the osama bin laden raid. i am convinced, as most people will look at the evidence are convinced, that the top leadership, military, intelligence, and civilians, did not know osama bin laden was in abbottabad. all of us were...
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Sep 29, 2012
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problem as he did when he solved the problems of the olympics and came into massachusetts and turned deficits into surpluses, and that he actually is committed to doing this, and that he will do it because he has a record of fulfilling the commitments he makes to solve problems. i think that's what -- what he will try and convey. >> let's talk about libya for a moment. you've gone on the recording saying ambassador stevens suffered the consequences, in your words, of a lazy, detached president. that's tough criticism out there. >> that's right. >> why do you stand by that? >> well, look, what we have is a situation all over the middle east, and you showed some clips of what's happening in pakistan. we have -- we have taken a difficult situation and turned it into a disaster, because we have a president that thought he was somehow going to charm that part of the world into loving america. what he's done is increased the antagonism toward america there by having a failed foreign policy. and harry truman used to say, "the buck stops here" talking about the presidency. and the buck should stop at
problem as he did when he solved the problems of the olympics and came into massachusetts and turned deficits into surpluses, and that he actually is committed to doing this, and that he will do it because he has a record of fulfilling the commitments he makes to solve problems. i think that's what -- what he will try and convey. >> let's talk about libya for a moment. you've gone on the recording saying ambassador stevens suffered the consequences, in your words, of a lazy, detached...
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Oct 3, 2012
10/12
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by roughing up romney on the idea he will hurt the middle class. >> he says he will cut the deficit, please. he wants $2 trillion in new defense spending that the pentagon didn't ask for. $5 trillion tax cut, future of the wealthy. >> reporter: the claim is complicated by the way biden framed the argument. >> how they can justify raising taxes in the middle class has been buried the last four years. how in lord's name can they justify raising their taxes? >> obama officials today insisted that was not a gaffe, biden clarified. >> the middle class was buried by the policies of romney and ryan supported. >> republicans like rubio are off to the races. >> those happen to be the words that the distinguished vice president of the united states mr. joe biden. no, don't boo. he is the best thing we've got going, guys. >> reporter: now denver has always been big for this president. in 2008 is where he launched the hope and change in front of the great columns of the democratic convention. 2009. this is where he signed the stimulus in law. tonight, he puts it all on the line trying to make hi
by roughing up romney on the idea he will hurt the middle class. >> he says he will cut the deficit, please. he wants $2 trillion in new defense spending that the pentagon didn't ask for. $5 trillion tax cut, future of the wealthy. >> reporter: the claim is complicated by the way biden framed the argument. >> how they can justify raising taxes in the middle class has been buried the last four years. how in lord's name can they justify raising their taxes? >> obama...
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Sep 29, 2012
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it all adds to the deficit. they have got to go out there this is all on the surface of tax cuts for the super wealthy. where i come from, we have one of the highest per-capita incomes in the nation. what i found out is wealthy people are just as patriotic as poor folks. they are just as decent and just as good. they are not asking for these tax cuts. that me give you an example. by extending the bush tax cuts for the wealthy, $500 billion goes to 120,000 families. $500 billion. a half a trillion dollars. how can that the right? the average income of those folks is $8.4 million the year. they do not need a tax cut. that what? middle-class families need a handout. they need a bit of help. [cheers and applause] a voted against extending the middle class tax cuts permanently. the voted against it. why? because they were holding it hostage to make sure they could continue the tax cuts i just mentioned. it almost sounds unbelievable. on top of the, how romney has another tax cut, costing the economy $1.70 trillion. g
it all adds to the deficit. they have got to go out there this is all on the surface of tax cuts for the super wealthy. where i come from, we have one of the highest per-capita incomes in the nation. what i found out is wealthy people are just as patriotic as poor folks. they are just as decent and just as good. they are not asking for these tax cuts. that me give you an example. by extending the bush tax cuts for the wealthy, $500 billion goes to 120,000 families. $500 billion. a half a...
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Oct 3, 2012
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keep printing money and expecting the world to take it or buy treasury notes to fund trillion dollar deficits forever. the economy is slow and going into another dip. i actually think the next president will have a moment between november 7, and i do not know, this summer or fall of 2013 to do a lot. i would bet there is a huge legislative agenda in 2013. i did not really by the gridlock argument. if obama gets reelected, evil have a mandate basically -- he will have a mandate basically the lesser version of bowel- simpson. if romney wins, he will have a mandate for some version of the right and budget, probably tempered a little bit to get democratic votes. if he becomes president, he what the mandate for something close to that. either way, we will probably get a pretty big deal. i think 2013 becomes a big entitlement reform, tax reform, budget reform moment. there will be an amazing pivot on november 7. suddenly the campaign will be over. guess what, we are going to have entitlement reform. all of the things is that about mitt romney will destroy america, suddenly we will do something that
keep printing money and expecting the world to take it or buy treasury notes to fund trillion dollar deficits forever. the economy is slow and going into another dip. i actually think the next president will have a moment between november 7, and i do not know, this summer or fall of 2013 to do a lot. i would bet there is a huge legislative agenda in 2013. i did not really by the gridlock argument. if obama gets reelected, evil have a mandate basically -- he will have a mandate basically the...
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Sep 30, 2012
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world war ii had bigger deficits. he didn't really inherit it. he helped create it. 2009 was the first year in office and especially something he doesn't seem to want to remember, stimulus $8000 billion. >> paul: as a share of the economy it was 3.2%. it did balloon to 10.1% in 2009. i would give president bush some credit for that because in fact the recession had started. the recession for his first six months of his term. what you are saying there is a thing called $830 billion spending. >> february 2009 that president obama doesn't want to take any credit for but it passed six months. >> he signed it into law. the stimulus was huge. he signed a spending bill shortly before in the spring of 2009. but even in the beginning of 2009 where he wants to throw it on all on president bush. this is when president obama was in senate. he voted for tarp. he had voted for the budget resolution that year. so he really has a hand in all of this spending. saw in that graph the big spike was in that year. >> let's take a look at spending numbers. spending tra
world war ii had bigger deficits. he didn't really inherit it. he helped create it. 2009 was the first year in office and especially something he doesn't seem to want to remember, stimulus $8000 billion. >> paul: as a share of the economy it was 3.2%. it did balloon to 10.1% in 2009. i would give president bush some credit for that because in fact the recession had started. the recession for his first six months of his term. what you are saying there is a thing called $830 billion...
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Sep 28, 2012
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president obama said he would cut the deficit in half in his first term. he gave us $6 trillion in new obama debt, in four years. he called push unpatriotic and irresponsible for $4 trillion in debt in eight years. so why would we expect he's going to keep his promise on any of these things? >> well, sean, you and i know about this time four years ago the economy collapsed. it was the result, i believe, and the president believes, of failed policies of george bush. that's what he walked into. very different world than anything in the campaign. here's what he did. he walked into office. we were shedding 750,000 jobs a month. you know all this. >> sean: wait a minute. >> let me finish. now we've created 5 million jobs over four years. >> sean: that's not true. that's not true, sir. sir, there are fewer americans working than when he took office. that is a fact. you get it right from the bureau of labor and statistics. here's the point, when he ran in 2008 he said it's the worst economy since the great depression. he told it was bad. he said and projected tha
president obama said he would cut the deficit in half in his first term. he gave us $6 trillion in new obama debt, in four years. he called push unpatriotic and irresponsible for $4 trillion in debt in eight years. so why would we expect he's going to keep his promise on any of these things? >> well, sean, you and i know about this time four years ago the economy collapsed. it was the result, i believe, and the president believes, of failed policies of george bush. that's what he walked...
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Sep 29, 2012
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. >> i inherited the biggest deficit in our history. over the last four years, the deficit has gone up but 90% is a consequence of two wars that weren't paid for, as consequence of tax cuts that weren't paid for. a prescription drug plan that wasn't paid for and worst economic crisis since the great depression. that accounts for 10% for the increase in the deficit. >> we asked editor james free man to run the numbers. so let's take these one by one. did president obama inherit the biggest deficit in american history? >> it wasn't the biggest and he didn't inherit it. world war ii had bigger deficits. he didn't really inherit it. he helped create it. 2009 was the first year in office and especially something he doesn't seem to want to remember, stimulus $8000 billion. >> paul: as a share of the economy it was 3.2%. it did balloon to 10.1% in 2009. i would give president bush some credit for that because in fact the recession had started. the recession for his first six months of his term. what you are saying there is a thing called $830
. >> i inherited the biggest deficit in our history. over the last four years, the deficit has gone up but 90% is a consequence of two wars that weren't paid for, as consequence of tax cuts that weren't paid for. a prescription drug plan that wasn't paid for and worst economic crisis since the great depression. that accounts for 10% for the increase in the deficit. >> we asked editor james free man to run the numbers. so let's take these one by one. did president obama inherit the...
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all those same polls that show president obama leading and claims to correct the bias, turning romney deficits into commanding romney leads. the idea behind it is simple. all polls base the outcome on what pollsters believe the electorate will look like, how many democrats versus how many republicans they think will actually turn out. getting that partisan makeup wrong can tilt the predictions. the people that don't believe the polls say this time, pollsters think the 2012 electorate will look a lot like 2008 and this they say is wrong. notice i said this time. back in 2004, democrats complained that the polls which showed george w. bush leading were overestimating the number of republicans who would vote. they were wrong. the polls were right. now, in 2000 al gore said don't believe the polls. polls showed him losing narrowly. polls were right. in fact, it's hard to find an example of the polls on average getting it wrong unless you go back to 1948, when they predicted thomas dewey defeated president harry truman. cnn political contributor ari fleischer joins us. he's an occasional unpaid com
all those same polls that show president obama leading and claims to correct the bias, turning romney deficits into commanding romney leads. the idea behind it is simple. all polls base the outcome on what pollsters believe the electorate will look like, how many democrats versus how many republicans they think will actually turn out. getting that partisan makeup wrong can tilt the predictions. the people that don't believe the polls say this time, pollsters think the 2012 electorate will look...
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Sep 29, 2012
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let me talk about what i would cut in order to grapple with our deficit and our debt. i'd end the war, i've worked to end the war in afghanistan which costs us $ billion a week. i would get rid of the sweetheart deal tommy thompson negotiated as head of medicare that makes it illegal for drug companies to bargain with -- medicare to bargain with drug companies for better prices for seniors that one costs us $15 billion per year. welfarerid of corporate for big corporate farms and big oil. i'd also let the bush tax cuts for the top % expire. i also want to look at the record contrast. i already told you about the policies that tommy thompson supported that added over $3.5 trillion to the debt when president bush was in office. i opposed those irresponsible plans that added to our debt. so now in the future, tommy thompson supports a plan that adds trillions more in tax cuts for the very wealthy and raises taxes on the middle class. for's the wrong scription tackling our -- prescription for tackling our debt. >> our next question, from robert kennedy, directed first to r
let me talk about what i would cut in order to grapple with our deficit and our debt. i'd end the war, i've worked to end the war in afghanistan which costs us $ billion a week. i would get rid of the sweetheart deal tommy thompson negotiated as head of medicare that makes it illegal for drug companies to bargain with -- medicare to bargain with drug companies for better prices for seniors that one costs us $15 billion per year. welfarerid of corporate for big corporate farms and big oil. i'd...
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Oct 2, 2012
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sadly to me is the fact that the president goes on tv the other day and says, well, the debt and the deficit in the country, now, that's a problem in the long term, but it's not a short-term problem. the truth the average american understands the truth. the american government can't spend itself rich just like the american family want spend itself rich. if just the debt is a long-term problem, if you wait till the long term, the kinds of changes you'll have to make, the kind of cuts, the kind of cracking-down are unbelievable by the standards that if we deal with this today it is not that big a deal. >> greta: governor, they're not even working on it. i mean, nothing is being done by anybody to work on it. absolutely zero. >> in all fairness, nothing has been done by barack obama. i mean, barack obama hasn't introduced a budget in three years that a democrat would vote for, but paul ryan has. >> greta: if i were a republican right now, i'd be here in washington, saying where's the president? >> but paul ryan has produced budgets, and the democrats say these terrible draconian budgets -- unde
sadly to me is the fact that the president goes on tv the other day and says, well, the debt and the deficit in the country, now, that's a problem in the long term, but it's not a short-term problem. the truth the average american understands the truth. the american government can't spend itself rich just like the american family want spend itself rich. if just the debt is a long-term problem, if you wait till the long term, the kinds of changes you'll have to make, the kind of cuts, the kind...
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Sep 27, 2012
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candidates promise they will not increase taxes on the poor and middle class but will make a dent in the deficit. this evening we look at romney's plan which has been called mathematically by one group and the president and his campaign have been all over it. chief national correspondent jim angle gets out his calculator tonight. >> mitt romney's budget plan will hurt the middle class. raising taxes on the average family by up to $2,000. getting a tax break, $250,000 to multimillionaires. >> one might think from this obama ad governor romney is specifically proposing to raise middle class taxes by $2,000. but that's not true. in fact, he penaled just the opposite prompting one romney advisor to blast the notion. >> that is the biggest political lie i have ever seen in my academic career. it's not romney's plan to do that. there is nothing to suggest he would do that. pure fiction. >> $1.2 trillion in tax deductions are claimed every year. everything from home mortgage interest to hundreds of millions and more arcane deductions. romney pledged to lower taxes by 20% for everyone. keep it revenue n
candidates promise they will not increase taxes on the poor and middle class but will make a dent in the deficit. this evening we look at romney's plan which has been called mathematically by one group and the president and his campaign have been all over it. chief national correspondent jim angle gets out his calculator tonight. >> mitt romney's budget plan will hurt the middle class. raising taxes on the average family by up to $2,000. getting a tax break, $250,000 to multimillionaires....
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Oct 3, 2012
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i think is liberal to cut taxes when you are operating a deficit, because you are spending money. >> i do not think your labels mean a lot. what i have said from the beginning -- the centerpiece of our problems is the national debt. we simply have to look at this. whether we do it this year because of the way our economy is or next year, $2.3 trillion. >> i want you to respond to this. >> i'm glad there is a clear contrast between the two of us. i do not believe we should raise taxes. i do not think the problem is that americans are not taxed enough. mr. sadler has been very candid that he would consider raising taxes on every single tax and who pays income tax is. >> that is not fair. >> if you would consider allowing all of the bush tax cuts to expire, that would raise taxes on every single tax and who pays income tax. are the texans to pay income taxes we would not raise taxes on? you did not have an answer. >> you will not put words in my mouth. i would say, the first place, we have to balance the budget, cut spending, and raise revenue to reduce the national debt. you have never
i think is liberal to cut taxes when you are operating a deficit, because you are spending money. >> i do not think your labels mean a lot. what i have said from the beginning -- the centerpiece of our problems is the national debt. we simply have to look at this. whether we do it this year because of the way our economy is or next year, $2.3 trillion. >> i want you to respond to this. >> i'm glad there is a clear contrast between the two of us. i do not believe we should...
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now we have a $1 trillion deficit the last fiscal year. if the defense hawks of the military industrial complex want to increase defense spending -- is that not cry out for tax increases? if he was significant spending -- if you want more spending even though we did not have a major threat by the soviet union facing us, does that not require -- let me mention some some balls. i. simpson bowles calls for cuts in defense. >> people thought a lot of figures. on a few of them are right. defense spending is only 20% of the discretionary budget. the defense of the country is -- we do have to see that that is being maintained at an adequate level. no one suggest we are in less dangerous times. the reverse is true. cyberwarfare. thing about north korea. -- think about north korea. we have the kind of unlevel playing field that has worked so well all this time. we're not going into a period that is fatal. how do you balance your budget is a bigger question. that is what we elected our members of congress to do, to make those tough decisions about e
now we have a $1 trillion deficit the last fiscal year. if the defense hawks of the military industrial complex want to increase defense spending -- is that not cry out for tax increases? if he was significant spending -- if you want more spending even though we did not have a major threat by the soviet union facing us, does that not require -- let me mention some some balls. i. simpson bowles calls for cuts in defense. >> people thought a lot of figures. on a few of them are right....
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Oct 3, 2012
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i think is liberal to cut taxes when you are operating a deficit, because you are spending money. >> i do not think your labels mean a lot. what i have said from the beginning -- the centerpiece of our problems is the national debt. we simply have to look at this. whether we do it this year because of the way our economy is or next year, a two-door 0.3 trillion -- 2.3 doris trillion -- >> i want you to respond to this. >> i'm glad there is a clear contrast between the two of us. i do not believe we should raise taxes. i do not think the problem is that americans are not taxed enough. mr. sadler has been very candid that he would consider raising taxes on every single tax and who pays income tax is. >> that is not fair. >> if you would consider allowing all of the bush tax cuts to expire, that would raise taxes on every single tax and who pays income tax. are the texans to pay income taxes we would not raise taxes on? you did not have an answer. >> you will not put words in my mouth. i would say, the first place, we have to balance the budget, cut spending, and raise revenue to reduce
i think is liberal to cut taxes when you are operating a deficit, because you are spending money. >> i do not think your labels mean a lot. what i have said from the beginning -- the centerpiece of our problems is the national debt. we simply have to look at this. whether we do it this year because of the way our economy is or next year, a two-door 0.3 trillion -- 2.3 doris trillion -- >> i want you to respond to this. >> i'm glad there is a clear contrast between the two of...